Navistar International Corp NYSE:NAVView full report here! Summary * Perception of the company's creditworthiness is neutral * Bearish sentiment is low Bearish sentimentShort interest | PositiveShort interest is extremely low for NAV with fewer than 1% of shares on loan. This could indicate that investors who seek to profit from falling equity prices are not currently targeting NAV. Money flowETF/Index ownership | NeutralETF activity is neutral. ETFs that hold NAV had net inflows of $1.54 billion over the last one-month. While these are not among the highest inflows of the last year, the rate of inflow is increasing. Economic sentimentPMI by IHS Markit | NeutralAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Industrials sector is rising. The rate of growth is weak relative to the trend shown over the past year, however. Credit worthinessCredit default swap | NeutralThe current level displays a neutral indicator. NAV credit default swap spreads are within the middle of their range for the last three years.Please send all inquiries related to the report to score@ihsmarkit.com.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.

Shares of Navistar (NYSE: NAV) have moved higher for the second straight day on news that Volkswagen AG is planning to take the Traton SE truck group public. NAV has a strategic alliance with Traton (formerly Volkswagen Truck & Bus AG) to jointly collaborate on engine technology, provide the sale of engines and provide contract manufacturing. Volkswagen, through its wholly-owned Traton subsidiary, owns approximately 16.6 million shares, or 16.8 percent of NAV, according to NAV's last 10-k filing in December 2018.

Volkswagen workers backed a restructuring of the world's largest carmaker on Tuesday after Chief Executive Herbert Diess pledged to spend 1 billion euros ($1.1 billion) on a new battery cell production plant near its headquarters in Lower Saxony. Diess needs the support of Volkswagen's powerful unions as he attempts to slim down and simplify the German company, which has 12 brands spanning trucks, buses, motorbikes, cars and electric bicycles. VW's leadership has embraced a strategic shift towards e-mobility, which requires less manpower to produce cars, to help it shed the shadow of the diesel emissions test cheating scandal which damaged its finances and reputation.

While it didn’t explain the about-face, VW said it hopes to list the business -- which sells Scania, MAN, and VW-branded heavy trucks -- by its August break. “The most important point for us is that we’ve made the decision to IPO now,” Volkswagen trucks head Andreas Renschler said in an interview with Bloomberg Television on Tuesday. The company also plans to look for a sale, joint venture or partnership for its MAN Energy Solutions and Renk AG divisions, while moving forward with a program to manufacture batteries for electric cars.

In March, Volkswagen put the IPO on hold, citing market uncertainty, stalling what was expected to be Germany’s biggest share offering this year. The automaker had previously said it could list up to 25% of Traton in a deal that was expected to raise between 5 billion and 6 billion euros.

Volkswagen AG said on Monday it plans an initial public offering of its Traton trucks unit before the 2019 summer break and will invest nearly 1 billion euros ($1.12 billion) in an electric vehicle battery cell plant in Europe. In March, Volkswagen put the IPO on hold, citing market uncertainty, stalling what was expected to be Germany’s biggest share offering this year. The automaker had previously said it could list up to 25% of Traton in a deal that was expected to raise between 5 billion and 6 billion euros.

Although the masses and most of the financial media blame hedge funds for their exorbitant fee structure and disappointing performance, these investors have proved to have great stock picking abilities over the years (that's why their assets under management continue to swell). We believe hedge fund sentiment should serve as a crucial tool of an […]

We often see insiders buying up shares in companies that perform well over the long term. On the other hand, we'd be remiss not to mention that insider sales have been known to precede tough periods for a business. So shareholders mig...

Moody's Investors Service ("Moody's") upgraded the ratings of Navistar International Corp. ("Navistar"), including the Corporate Family Rating (CFR) to B2 from B3, the Probability of Default Rating to B2-PD from B3-PD and the senior unsecured rating to B3 from Caa1. Concurrently, Moody's upgraded the senior secured rating at subsidiary Navistar Inc. to Ba2 from Ba3 and the industrial revenue bond ratings to B1 from B2. The senior secured rating at Navistar Financial Corporation (NFC) was affirmed at Ba3, and the Speculative Grade Liquidity Rating was affirmed at SGL-3.

Navistar International Corp (NYSE: NAV ) recently recalled more than 24,000 International model heavy-duty trucks due to a possible defect that could cause the exhaust tail pipe to fall off the vehicles ...

Autonomous trucks are still in the future, but there are plenty of technologies available now and coming down the pipeline that will transform the industry, said Steve Gilligan, vice president of marketing for Navistar (NYSE: NAV). Speaking at ACT Research's Seminar 60 conference at The Commons in Columbus, Indiana, Gilligan took a few minutes to briefly touch on the pathway forward for trucking fleets, including electric and autonomous vehicles. "When and if we see truly autonomous Level 5 vehicles remains to be seen," he said, but many of the new trucks purchased today include autonomous-type technologies such as lane keeping technologies, collision mitigation systems, and advanced cruise systems.

Navistar's (NYSE: NAV) Steve Gilligan, vice president of product marketing, said the 2019 outlook for trucks remains strong as tonnage (3.6 percent year-over-year in February) and loads per truck (6.7 percent year-to-date, year-over-year) remain above the long-run trend, and the job market remains tight. While the construction and housing markets are showing slow growth, manufacturing conditions remain good with industrial production up 3.5 percent in February and manufacturing output up 1.2 percent, he said. ACT Research is still forecasting 335,000 Class 8 truck orders in 2019, but that falls off to 243,000 in 2020.